# CME milk futures up, cash dairy down Friday - Brownfield Ag News

> July Class III milk futures closed up $0.07 at $17.38 on the CME, with September near $18.03. Cash block cheese fell and barrels were unchanged, while Grade AA butter and dry whey were flat. Nonfat dry milk was down slightly.

- Date: 2019-07-03 · published 2019-07-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4201-cme-milk-futures-up-cash-dairy-down-friday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Futures strength in Class III points to supportive milk prices, while weaker cash cheese and powder signal limited spot demand. This is routine market movement with no new cause.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2019-07-03 | 1 | +6.4% | 16.6 | Dated in the move window, it reports July Class III futures at $17.38 and September near $18.03, so it directly reflects futures pricing, though the day's change was small and does not explain a 6.39% jump. |
| MILK | 2019-07-04 | 5 | +6.8% | 2.8 | July Class III futures closed at $17.38 with September near $18.03, so the forward curve was still rising during the window even though cash cheese was soft. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-up-cash-dairy-down-friday/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-lower-48/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.